On February 20, 2026, the Minnesota Securities Commission announced a significant crackdown on unregistered investment offerings in the state. The commission revealed that it had identified several companies that were illegally offering securities to Minnesota residents without proper registration.According to Commissioner Jane Johnson, "These companies were operating outside the bounds of the law, putting investors at risk of fraud and financial harm. It is our duty to protect the citizens of Minnesota from these illegal activities and ensure that all investment offerings comply with state regulations."The commission issued cease and desist orders to the offending companies, ordering them to immediately stop offering securities to Minnesota residents. Additionally, the companies were fined for their violations of state securities laws.In a statement, Commissioner Johnson emphasized the importance of conducting thorough due diligence before investing in any securities. She urged Minnesota residents to only invest with registered companies and to report any suspicious investment offerings to the commission.The crackdown on unregistered investment offerings is part of the commission's ongoing efforts to protect investors and maintain the integrity of the securities market in Minnesota. The commission will continue to monitor and investigate any potential violations of state securities laws to ensure that investors are safeguarded against fraudulent activities.Investors who believe they have been the victims of securities fraud are encouraged to contact the Minnesota Securities Commission for assistance. The commission provides resources and support to investors who have been harmed by illegal investment offerings and works to hold accountable those who engage in fraudulent activities.